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. good morning, every. the big weather story has been the drought and the heat throughout much of texas. we were very encouraged that we could get a tropical storm that would head over texas and you can see that big red blob. this is tropical storm don. it does not appear that don will bring us the relieve that we need. houston probably won't see anything, corpus krissy christy some showers. it has tracked further south than we would have liked. you can see that the bapath is more north/northwest. we wanted to end up in central texas. it looks like it will rain itself out over northern mexico and the mountains and that will quickly break the storm up. so even west texas may not get the relief we were hoping for. landfall should be sometime close to midnight and then it will quickly be moving out. so in brownsville, by saturday morning, this could be over with. and it should be anywhere between a 50 to 65-mile-an-hour tropical storm. so at bit of a pump, but it won't do any devastation. we were hoping for rain. you can see the scattered showers off the coast that will be arriving during
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
-old husband, smacking the attacker in the head. big jab. we'll have more on the man behind the pie all later in the show. by the way, in about an hour from now, the uk prime minister david minister, he's expected to speak in front of parliament hoping to stop further damage to the government from this scandal. so to get some of the latest on the investigation and a preview of what will happen in today's speech, martin flesher joins us live from london. there is an emergency session of parliament today, this has brought david cameron back into the country to be able to speak before the people there. what do we expect to hear? >> that's right, today's highlight, every day brings some dramatic development. today the star there will be david cameron. he actually called for the emergency session. he cut short a trip to africa to try to take control of this. he'll face a grilling, though. the key questions will be very significant questions for him. why did he hire a former news of the world editor despite warnings, how much did he know about the phone hacking investigation, when did he know it, a
the table. >> to get a big package would require a big tax increase in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> reporter: on sin's "meet the press," treasury secretary tim geithner said failing to reach a deal would be catastrophic. >> we need to do something substantial to bring our long term deficit down over time. >> reporter: the stakes high as the two sides try again today. so, the president will be answering questions at a press conference scheduled for 11 a.m. eastern time this morning. he'll then meet with congressional leaders this afternoon. he's asked republicans to bring specifics for their plan. >> thanks so much. a reminder for you, we'll have live coverage of the president's news conference beginning at 11 a.m. eastern time right here on msnbc. the place for politics. >>> officials at nasa are closely monitoring a piece of so-called space junk, which is on a potential collision course with the space shuttle "atlantis" and the international space station. nasa estimates that the ob
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
into the deep south where heat is going to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that woul
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
much progress towards getting a deal done. so we'll have to see if anything big came out of this meeting. what we can tell you is the backdrop is dwindling hope for getting a big deal done. as you said, president obama was pushing for a big deal, especially at the end of last week. somewhere in the neighborhood of $4 trillion in deficit reductions over the next ten year. it looked like at the end of last week, at least, speaker boehner was trying to get on that same page. it would have involved coming to the table over entitlement reforms, ib vochled republicans coming to the table over rolling back tax credits for wealthy americans and big corporation, but then over the weekend, speaker bain boehner wouldn't be able to support a big deal. they are discussing as you said a deal half the size. somewhere in the neighborhood of $2 trillion to $3 trillion in cuts. we expect eric cantor to have come to this meeting with their proposal. we expect that's what they were discussing during this meeting. we'll let you know exactly what happened once we find out. the president earlie
. and carney saying that tomorrow is a big day and everybody has to either come to an assessment that we can do a significant deal and they were talking of course of the $4 trillion deal until the republicans pulled the plug on that last weekend, and they have to come in friday, and friday is shaping up to be something of a deadline, and meanwhile, tim geithner, the treasury secretary up on the hill behind closed doors talking about the senators of a doom and gloom scenario is nothing is done by august 2nd, and the united states has to begin to default as carney and other white house officials call it hypothetical and insists that the country will not default and some arrangement will be made, but it is not clear what the path of the arrangement may be before august 2nd, tamron. >> and what about the report that the president was mulling over a bipartisan meeting at camp david and there is a quote at nancy pelosi saying it is not a good idea many her opinion, because the rsvps have not been released as politico pointed out, but what is story here? >> well, everybody is backing away from somethi
14% in taxes and corporations pay 0%, and you raise more, you can have us a big deal here. >> they're still drawing lines in the sand that seem insurmountable with weeks to go before the august 2 deadline, congressional leaders are heading back to the white house today for yet another meeting to reach a deal on raising the country's debt ceiling. officials familiar with the negotiations say majority leader eric cantor dominated yesterday's meeting. cantor laid out what was agreed upon in the deficit reduction talks led by vice president biden, specifically $2 trillion in cuts in the next decade. the figure includes $1 trillion in discretionary spending. $200 billion in medicare and medicaid. and $200 billion to $300 billion on saved interest in the debt. >> so the military -- the military, i guess, comes in in the mandatory discretionary spending. >> military. >> sources familiar with the talks add that after the presentation president obama said the two sides might be able to reach consensus on roughly $1 pp 7 trillion. but there are still some issues to resolve. at one point in t
clearly we have a bought one. time to change that. our show starts right now. >>> well, the big story today, whether we like it or not, round 4. right now congressional leaders walking back into the white house for the fourth straight day of debt talks with president obama. it is hump day here in new york city, and across this great land. i am dylan ratigan. a pleasure to be seeing you. debt negotiators have yet to get over their trillion dollar hump and agree on a debt deal to keep our nation functional, the president stepping up the fearmongering, warning that seniors may not be able to get their social security check next month if congress does not act. quite simply, that would not happen. on the gop side, speaker boehner said any deal would be a crapshoot. house majority leader eric cantor, king of the prowrestlers these days, a leading voice emerging, aligning with the extremely far right idea logically prime minister study committee, in guarantees another job-killing debt crisis. that's a good talking point. i think most notably we'll stop spending on pod people or -- does
people on board. it looks like right now they're headed in the right direction toward a big plan, exactly what the president wanted. lynn? >> brian, thanks so much. well, last night on "chris matthews," chris asked gang of six senators, mark warner what sets their deficit reduction plan apart from other proposals put forth by republicans? >> this is the first time we've seen a bipartisan plan that includes revenues, that, it really is comprehensive, it's bipartisan. it isn't perfect. but when the alternative is we're going to drive this country over the cliff, i think we've got to start with something that actually gets the job done, that gives us that comprehensive approach, and the fact that we had a whole lot of democrats and republicans yesterday saying, yeah, i'm ready to at least move to the next step, was a good sign. we've got to realize we're 13 days away from a default. we're 13 days away from an indirect tax increase with every american where their interest rates skyrocket and the government can't pay its bills. we've got to be responsible and get something done. if we can buil
a democratic president at the table willing to make major changes in the big three, to the tune of $4 trillion across the board, and the republicans won't take the deal. it's rather amazing. why? are they afraid that president obama might do well with independent voters? are they miscalculating the fact that the base would be furious with the president if he were to cave in on the big three? and president obama tonight in my opinion is emerging as the most honest broker maybe washington has seen in a long, long time. he openly states he's willing to put his presidency on the line to bring both sides together to get a deal, and the only way he believes that can be done is if some revenue from the wealthiest americans comes into the treasury. and the republicans won't budge. it's amazing, it really is amazing. president obama is trying to make an honest negotiations at the decade. this is what republicans have wanted for decades. they have a democratic president that's willing to do it and they walk? because of revenue? amazing. for more on tonight's meeting, sam young man. white house correspon
an agreement on the debt ceiling. >>> our top story it was touch and no go for a big waiting and wondering game to see if the weather could cooperate. about half an hour ago the "atlantis" was cleared for takeoff and off it went. take a look. >> america will continue the dream. >> this is the 135th and final space shuttle flight. with it nasa's 30-year shuttle program comes to an end. msnbc's tam ron hall host of "news nation" is live at cape canaveral. you were will watching the entire thing, tam ron. could you feel it? >> absolutely. you know, richard, before the launch, several of the veterans around here told me that you could actually feel the ground shake and ufld feel the tremor. i thought, these are urban myths that you hear. not only did ulf, i felt the tremendous morse. i felt it reverberate through my body. we are the conduit for those at home, i was moved to tears witnessing that four-person crew going up on the final launch of the shuttle program. it is incredible. "atlantis" has traveled other 115 million miles. it is the lightest in the fleet. it was built at a rapid pace because
with a mini deal, we have a maxi problem. big problems aren't going to go away if you cut a mini deal. >> reporter: he blasted an idea suggested by some democrats that the u.s. constitution empowers the president to keep on spending even if uncle sam goes over his credit limit. brian mooar, nbc news, washington. >>> here is your first look at some of the other news going on around america today. a violent thunderstorm tore through washington, d.c., yesterday where a 56-year-old cyclist was killed by a falling tree limb. at one point in the afternoon police cleared spectators off the capitol's west lawn where preparations for today's big independence day concert were under way. fortunately the weather cleared up in time for the evening rehearsal. >>> elsewhere across the country, several cities held their fourth of july fireworks display a day early. sparks flew at the annual red, white and blue festival in florida. crowds in kansas city and columbus, ohio, took in an equally awesome spectacle of color. >>> in los angeles, experts were busy setting up what they say will be the fastest
will be here on set with us. >> this is big. >> huge. >> willie, who is going to be number one? are we looking at oklahoma? alabama? >> could be a tie situation. i have to say. we should point out vanderbilt got a great recruiting class. >> they did have a great recruiting class. >> they did. >> my understanding is the average s.a.t. just above 1300. unprecedented. for a co--ed football team. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
now, august 2nd is the big date, and the hard deadline or the u.s. default defaults on the $14.3 trillion debt. the white house says that lawmakers need a basic plan in place by today if they are going to be able to craft a bill in time to avert a default. nbc's kristen welker is following all of this for us live at the white house. kristen, good afternoon. where do we go from here? what is the bottom line? a lot of talking from the white house and the republicans and where does it all stand and what is next? >> hi, there, jeff. house speaker john boehner and president obama are saying that they are not close to a deal, but there has certainly been a lot of chatter about a potential deal. here is what it would look like. it would involve $3 trillion in deficit reductions over the next decade. it would include immediate cus s to discretionary spending right off of the top, and then over time, you'd see some changes in entitlements things like social security and medicare and also some changes to the tax code including a roll back for tax breaks for the wealthy americans and the
>>> the big divide. congressional leaders return to the negotiating table in a few hours trying to hammer out a deal. the two sides farther apart than they've ever been. the question is, if not now, when will a deal happen? >>> the extreme heat is the number one killer in the u.s. claiming more lives than tornados, floods, even hurricanes. how bad things are getting across the country right now. >>> praying gay away. the secret videotape involving presidential candidate michele bachmann and her husband's clinic. does their business claim to have a cure for homosexuality? calling rupert murdoch, the media magnate and his son have been called before parliament to explain the phone-tapping scandal that could bring them down. >>> i'm thomas roberts. we get to president obama preparing for another round of debt talks with congressional leaders as the clock continues to tick. speaker boehner reenforced his party's message and put pressure on the president this morning. take a listen. >> this debt limit increase is his problem. i think it's time for him to lead by putting his plan on t
like to say as well just how sorry i am. >> my big question today, will one of the murdochs take the fall for the phone hacking scandal? of course you can reach me on facebook and twitter. to answer that question, let's bring in a reporter for "the washington post" style section. it's good to see you today, paul. what do you think? do you think that we're going to see either rupert or james take the fall? >> at this point barring any other revelations that's a big if i don't think so. the murdoch family controls about 40% of news corp. it has the board pretty much in its pocket. unlikely that they will be forced to resign as a result of this. in the absence of anything else happening. >> his board of directors whose responsibility has been to shareholders has been rather meek and silence on this scandal. now you have a director, tom perkins telling "the wall street journal" that rupert's a genius that and that the board thinks it needs him. how crucial is rupert to the future success of the company? >> well, rupert murdoch built news corp. from a single newspaper in australia in
it for someone you love. >> i mean, is a big part of the problem here convincing the american people that these cuts won't be devastating? >> absolutely it is. look, we've got a problem in this country, chris. we want more government than we're willing to pay for. and that's coming to a head in this debate over debt deficits and raising the debt limit. those ads protesting against some of those cuts to some degree help the democrats in the obama administration make the case that we need more revenue. we can't do it all on the spending side. democrats have been trying to make the case that the spending cuts they're for are not hitting beneficiaries directly, but that becomes a difficult argument to make, the more interest groups connected with medicare and the health care system get hit. >> all right. john harwood, got od to see you. i want to bring in "washington post" columnist ezra kline. good to see you. >> good morning. >> what's the dels' strategy here? >> these cuts are not necessarily new. they're on a charm offensive, i'd say, to say that, look, we've put everything on the ta
at the white house, there were eight. it came out in the open at one point that group was too big. even eight of the top congressional leaders, too unmanageable and too unwielding. harry reid and nancy pelosi, and mitch mcconnell from the senate and john boehner who has been the president's chief interlocker over the several weeks. the question is can they pick up the pieces after the deal crashed and burned, the so-called grand bargain last night? ak moneyy back and forth. the president accusing house speaker john boehner of not returning telephone calls. the target is always moving, and moving the goalpost particular eye the issue of taxes, alex. john boehner said we had an deal on $800 billion in revenues. similar to analogous to taxes in washington speak. over the course of ten years, i've got more on my blackberry at this moment. the president came back to the republicans earlier in the week after getting an earful from democrats after seeing a rival plan emerge in the senate that had higher tax revenues. they blame that for kind of messing this whole thing up, fouling up the whole deal,
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
they are in crisis mode. a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i think we'll end up in a stalemate. i anticipate that the boehner bill will get through the house today after he's pushed his folks kind of hard, and then it will be dead on arrival once it gets to the senate. >> of course, time is running out. default just five days away and things are getting so bad the u.s. treasury is now weighing which bills to pay if the country defaults. michael scherer is the correspondent for "washington post," and louise story, according to politico republican leaders are very prepared to say to the president take it or leave it.
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
, bill. >>> a big euro debt deal. a new owner for chrysler and a royal dash duty free, your look at business headlines is straight ahead. >>> coming up, washington fans actually happy jason worth is struggling and nfl owners are ready for football. but are the players? you're watching "first look" on msnbc. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. >>> welcome back to "first look." i'm lynn berry. here's some of the top stories making news this morning. senior defense officials tell nbc news today the pentagon will announce that both secretary of defense leon panetta and all of the joint chiefs have certified the military is ready to repeal don't ask don't tell. president obama signed the repeal of the military's ban on openly gay troops in december. since then, the military has been preparing personnel for lifting the ban. >>> a new cnn poll shows 64% o
're talking about the debt ceiling, because washington is talking about the debt ceiling. is this really a big deal? later this week as we go through our series of shows now that we're back, i will show you exactly what it means to have the government shut down because this shutdown is different from the one back in the gingrich years. republicans have no interest in finding my common ground whatsoever. it didn't take boehner very long to get away from happy hour and hammer the remarks. he put out a statement this afternoon. he said the american people are worried about our economy and our future. more than two years after the start of washington democratic stimulus spending spree, they're asking where are the jobs? boehner's house let me point out has not passed a single job creation bill or measure since he's had the power. now, nancy pelosi got health care done. she had the gavel and got it done. boehner wants to play golf, and this guy's had the gavel in his hand for six months. where the hell are the jobs? i did hear him talking about that. it's a little soft out there, although we are ad
make a big play. plus, man down as the padres heath bell slides his way into an all-star appearance. your first look at sports is straight ahead. [ male announcer ] if it's true that sharks can sense even a drop of blood from a quarter of a mile away, which razor would you use? ♪ ♪ ♪ vietnam, 1967. i got mine in iraq, 2003. u.s.a.a. auto insurance is often handed down from generation to generation, because it offers a superior level of protection and because u.s.a.a.'s commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto insurance quote. u.s.a.a. we know what it means to serve. >>> welcome back to "first look." i'm lynn berry. and in sports with an eye on the bottom line the cash-strapped nets send they are closer, k-rod, packing. here's nbc's mario solis. >>> hi, there. good morning. the mets and the brewers were wheeling and dealing. new york-traded closer francisco rodriguez from milwaukee for a pair of players to be named later. k-rod was in line for a $17.5 million option, something the mets wanted no part of. now
with the president at the white house tomorrow. here's the president today. >> we agree on system of the big things. we agreed that after a decade of racking up deficits and debt we need to feet get our fiscal house in order. to do that, both sides have to step outside of their con fort zones to make political sacrifices. and we agree we simply cannot afford to default on the national obligations for the first time in our history. >> joining me now is white house correspondent mike have a caro. good morning to you. >> good morning, alex. >> are there enough of the similarities done to get the deal done this weekend? >> reporter: well, that's a great question. and a lot of people are drawing lines in the sand. over the past several weeks as we have led up to this very crucial, this critical weekend, alec, it appears there's really very little wiggle room. but we shall see. what's on the table is something of historic proportion. $4 trillion in spending cuts over ten years, over 12 years, that's one of the things being ironed out. of course, you know the story here. $14.3 trillion, that's the u.s. na
strong is the right wing here? how big is this pool of people that could produce such a person? >> that pool of people, i would say, is very, very limited. what we see here is a rather extreme single instance, rather than something representative. >> reporter: the maximum punishment in norway for any crime, 21 years in president. if convicted the 32-year-old suspect will be back on the streets when he's 53 years old. >> we'll hear from martin late. >> americans are expressing their support for norway. on saturday mourns are created a makeshift memorial in washington, d.c., where people left flowers, flags, and candles and cards by a statue in front of the norwegian embassy. president obama offered his condolences to the people of norway. >>> golfer suzanne peterson of norway expressed her sorrow by wearing a black arm band participating in the masters in france. the number three ranked play in the world says she's deeply upset by friday's bombing and shooting deaths calling it the biggest disaster in norway's history. >>> for the latest on the massacre in norway, including new
backed bill included big spending cuts, a cap on spending and a constitutional amendment. >> it's a correct approach. this is fundamentally a spending problem. >> it passed in the house earlier this house. >> this vote the yeas are the 34. >> today majority leader harry reid grudgingly scheduled a senate vote. it failed just as he predicted. >> this is a very, very bad piece of legislation. >> today's vote could clear the way for one of several compromise deals. >> we all know mr. president there are talks going on between president obama and speaker boehner. >> this was a bit of hope yesterday when "the new york times" reported a possible deal between president obama and house speaker boehner. both sides quickly denied it. >> there is no deal. we are not close to a deal. >> there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> but he didn't say they're not talking about it. >> we've got to keep the lines of communication open. we talked about fall back options if in fact cut, cap and balance does go down. i do think that it's our obligation to h
't. >> it could mean big losses on wall street and beyond. asian and european stocks are tight. the ceos of some of the biggest banks are expressing their concern. ceos of banks including goldman sachs, bank of america say this, a default on our nation's obligations or downgrade of america's credit rating would be a tremendous blow to business and investors in an already difficult economic circumstances. steve rattner. >> look, the fact is, this government, at the moment, ironically, at a time when people are saying let's not forget about jobs. this government is doing their best to destroy jobs as we are sitting here. business needs confidence. it needs some idea of what is going to happen. i don't know if you follow what's going out of the faa. there are 4,000 faa contractors out of work because the democrats and republicans can't agree on subsidies. they are just sitting there doing nothing instead of building infrastructure. the republicans and democrats can't agree on one tiny issue. >> there's no level of certainty. all different levels of this country. >> wouldn't that be the goal here, b
this will not be effecting anyone in the southeast u.s. let's get back to the heat wave because this is the big story of the week. historic heat wave. last week we had a heat wave for a couple weeks but this one will last all week. we have excessive heat warning in st. louis from now until friday. that's unheard of to go that long. huge ridge of high pressure will expand and head to the eastern seaboard where it's going to get uncomfortable as we head to the end of the week into the upcoming weekend. the dangerous heat right now, if you're elderly, the children, you know, day after day, anyone without air conditioning, is going to be in the orangish color. we're used to the heat in the dallas area. it's been 10 0 degrees now 16 days in a row. but you only have heat at vizryes to your north. it's where the humidity is very high. heat indexes will be in the dangerous level from minneapolis, all of iowa, kansas city, omaha, st. louis. how hot will it be? kansas city around 9, same for you in st. louis. when you add in oppressive humidity, it's not your typical humidity. ipts much more humid than it shou
. >>> the break down in the house could mean big losses on wall street and beyond. for more on today's trading session, a lot of people watching how all this affects markets, geoff cutmore is live for us in london. >> reporter: good morning. you know the markets would like to see some resolution on this, as well. the meant that the boehner deal seemed to be falling apart, we saw the u.s. futures go negative and that's where they remain at this point. the european market open also has been very lackluster. we're in negative territory and it ain't about the earnings. it's all about getting a settlement to the debt ceiling story. >> and a lot of this country's ceos of the biggest banks are starting to chime in. what are they saying? >> reporter: well, it's been a very tough period for the banks as you know. a lot of people still feel they have a big hand in the responsibility for the credit crisis. but so many years away from that, they are looking to gain from a pickup in the u.s. growth story. but if the debt ceiling issue doesn't get resolved, fears that it would hold back invest himself that
contrite and expressing regret as you just heard. but there are two big things. most damaging of all, he was pressed several times on whether he had had any conversations with all of his various contacts and friends at rupert murdoch's company in the u.k. about a $12 billion attempt to buy out the reminder of bskyb, the big broadcaster over there. this was a deal that the british government has quasi-judicial authority to approve or deny. all he could say is he had no inappropriate conversations. he kept using that phrase. frankly, it didn't sound like the members of parliament really bought that line. the second thing, a really explosive claim, that someone in the senior government, a senior government official had been hacked and bugged while andy coulson was there. these kinds of allegations are -- they just keep cropping up every day and it doesn't look like this kind of statement or investigations are going to end any time soon. >> yeah, we could be early in the game at the moment. michael, i want to play some sound from yesterday's testimony, what we heard there in parliament. take
here, right here. they will start working it. working it. take a piece how big they want it. they work it and work it until it cuts into the metal. whatever they get toothpaste and soap, mix it up and layer it. anytime you come in here, they can see this and cover it up. two pieces that were used, came from here. that's why they started doing this. this is contraband now. >> although level 6 is on lockdown, we're allowed to talk to one inmate about the toll the new restrictions are taking. >> i haven't been able to visit with my sister or mother because of this thing that happened in the separate housing unit. it was two other inmates, had nothing to do with me. so,itis not right. it's a nuisance. it's annoying because i don't behave in a way that merits my suspension of privileges, visits, or do a lot of other guys for that matter but yet we're being punished collectively. two weeks ago, they came and took away our nail clippers. we weren't allowed access except on sunday night. if we needed to cut our nails, the corrections officer would give them to us and then take them back. we we
the big story, hail to the tweets. >>> part of the administration ace new media outreach campaign. since not known for the brevity, they tweeted summary of the president's answers in response. john boehner jumped in with a tweet of his own after embarking on a record spending binge, where are the jobs? >> what he's right about is we have not seen fast enough job growth relative to the need. we haven't gotten the cooperation i would like to see on some of those ideas, but i'm going to keep on trying. eventually i'm sure the speaker will see the light. >> and ren gay nerd asking, quote, mr. president, will you issue as executive order pursuant to section 4 of the 14th amendment? >> i don't think we should get to the constitutional issue. congress has a responsibility to make sure we pay our bills. >> ahead of bipartisan debt talks, president obama now says he expects a deal in the next week or two. the white house says he wants a, quote, significant compromise, though exactly what that means remains a little hard to figure out. so we'll go straight to the source. stephanie cutter is
the will of the house the go forward? >> indeed. that is one of the big m.o.s when he came into the house, and said so much hot air in the place, and let the people's voice be heard and it is the people's house, and they would be ultimately be heard, and he realizes the stakes on the debate of the debt, and if this is not out of the house of representatives, they have nowhere to go as a house of conference and it reflects poorly on his leadership to show that he cannot stop the influence of some of the most far right members of party who tried to undercut him and undercut members of defense by soliciting outside interest groups to get them to vote against the bay no bioehner bil. it is the march of the 216. >> and luke, loud mouth, thank you for the moment. can i come to the silver fox, mike viqueira. >> he is the silver fox. >> and you were at the press conference with jay carney and how was tlit? >> well, a 20th figure once said, we are seeing politics is the most gruesome effect. and this is sausage making up here. this thing is not going to be resolved today or tomorrow or this weekend and the two
are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got that done, would that be enough? then paul ryan said, no. we need a fundamental tr
of how it could be done. >>> now to washington, a big meeting on the hill tomorrow. leaders from both sides of the aisle will come together to try a break a deadlock over the nation's debt. yesterday president obama made a rare appearance in the white house briefing room to urge lawmakers to show up with the right attitude. >> it's my hope to everybody's going to leave their ultimatums at the door. they will leave political rhetoric at the door and we're going to do what's best for our economy and do what's best for our people. >> house speaker john boehner put out this tough statement quote saying, i am happy at the moment to discuss these issues at the white house, but these discussions will be fruitless until the president recognizes economic and legislative reality. luke russert covers capitol hill for us. luke, part of that discussion is the mini deal with senators reid and mcconnell were discussing earlier. where does that stand in this discussion so far? >> it's interesting, one of the things that is being thrown up on capitol hill is somewhat of a mini deal. saying look, there
. >> thank you smuch, martin. a pleasure to be seeing her. our show, indeed, begins right now. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess in the first place, talking about that. listening to all the floor speech, primetime addresses and press conferences you may actually think something is getting done. but if that was the case we'd have already raised the debt ceiling and moved on to restructuring bank, trade taxes in order to create jobs and prosperity for america. that's downright crazy. luke russert starts us off on capitol hill with the latest on the debt ceiling. >> reporter: the latest on the professional wrestling as you like to call it, right,
believes that the boehner problem is anything more than a big, wet kiss to the right wing. i mean the tea party. that's what i mean. it's too bad the caucus is run by so little people. >> when i asked the plan, the aids pointed to a speech. congress can't vote on a speech. a veto threat won't prevent default. >> we are urging the republicans to step back, put their party caucuses aside, put their pledges to grover norquist aside and put this country first. >> it's unfair from the president of the united states to lead from behind. it's unfair for the president of the united states not to come forward with a specific plan that, perhaps to be considered by both bodies, but only to go out and give lectures. >> we are not going to hold this country hostage to the tea party. those folks over there, about 80 of them, they pledged to grover norquist. i want to pledge allegiance to the united states of america. that's what we should be doing. >> good morning. it is thursday, july 28th. look at the beautiful shot of new york city. welcome to "morning joe." yes, with us on set -- >> look at him. >>
big enough for 40 or so spectators, but there will be overflow rooms with television sets. this is really must-see tv today in great britain and for many other places. certainly the united states, which is why there's so much media here today as well. as one british politician put it, it's the three musketeers of the murdoch media empire and the phone-hacking scandal that will appear here later today. they'll be grilled by ten members of a select committee. it doesn't sound like much, it's the committee for culture and media. these hearings will only last an hour for rupert and his 38-year-old son, james murdoch. and another hour following that for rebekah brooks, who was as we know now, the chief executive of murdoch's british newspapers before she suddenly resigned last week. members of parliament in terms of what we're going to hear today, they'll try to get the murdochs and brooks to commit themselves on the record. saying things that they might be able to use against them later. especially if what they say turns out to be misleading. they're not going to be on oath, b
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